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| Ibizatraders - comments and results |
| Saturday, September 30, 2006 |
Okay, here's the message from the director himself, I agree GBP/USD pair is a great currency to take profit because I have personally seen it myself, doing abit of trading and demoing...
Here's the message:
"
Dear Investors,
Another month has gone by in the short existence of Ibiiza Traders. First let me tell you the yield: its going to be 16,5%. Apparently the typical summer months market behaviour like in July and August prolonged into September. Although the stock and bond markets rebounded the foreign-exhcange market remained relatively calm, such in contrary to what we expected. The long awaited G7 meeting, on which currency issues were on the agenda, turned out to be a total non event and these biggest industrial nations didnt give any guidelines as to where they liked the various currency pairs heading too. Even about the heavily undervalued yen practically no words were mentioned. Eben the worlds' trade imbalances were disregarded. Only attention went out to the Chinese Yuan rate relative to the Dollar which suffers currently an under valuation of estimated 40% against the Greenback. The Chinese do not seem very willing to give up this low rate, which is fixed to the Usd. As this would undermine their excellent export position. The fact that this undervaluation cost sofar around 20 million jobs in the USA doesnt seem to be found overly important to the US administration. After the G7 all eyes were focused on the new state secretary of Treasury, Henri Paulson (former Goldman Sachs ceo) who visited China in another attempt to change the opinion of the Chinese. Thus far with the same results as his predecessors, many words and little action.
The Euro maintained its stable condition against the other majors and only moved in a very tight range, just like over summer. Foretunately the English pound showed a better volatility of which we could profit substantially. Currently our main activity is Pound dollar trading untill we see opportunities in the other majors. Also we started trading into some of the minor western currencies like New Zealand and Australian dollar which, esp. NZD shows signs of good volatility. Hence, given the market circumstances, we are very happy with the realized results, under the given complicated market situations.
For October, again, we expect overall more activity in the market as usual. The geopolitical situation is not getting much better in the meantime. Negotiations between Europe and Iran havent given any tangible results and we do not think Iran will give up its sovereign right to enrich Uranium and produce nuclear weapons, which was yesterday again confirmed by Iran's leader Ahmadinejad. In the meantime the hawkish stance of the US administration increases which will make chance of a compromise nearly impossible, which in turn will also increase the military chance of US intervention. This will certainly affect the currency market in the weeks and months to come. And also in our opinion we see oil and gold prices moving upward before the year end.
All payments will be done by the 7th October.
We thank you for investing with us.
With kind regards
Peter Ris
Director
"
Okay, I have realised that somebody using the same ISP as me is doing something wicked by creating 15 accounts apparently, and as such my ip address was blocked somehow and after 3 exchanges of messages with the support, I am finally able to access the forum and not getting some funny messages like "you are not authorised to access the page". I am quite pleased with the support team over at ibizatraders as they have replied to my queries quite fast and have even solved this problem. Here's what it is about:
"
We apologize for the inconvinience. Apparently you're using the same ISP as a previous malicious user who decided to register around 15 accounts on the forum at one time, and then login with each one of them at that same time. Consequently, that IP range was blocked. I have unblocked the range, and you should now be able to access the forum. If you have any other problems regarding this issue, please reply to this ticket.
"
Anyway, just a reminder Ibizatraders to get in now is $500 until christmas(read my last post on this), and if you have that amount to get in you may want to do so, trading has been great so far although less than 20% but still great! |
posted by Lazyman @ 10:07 PM   |
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| High risk category - paid |
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Just to point out that I am paid by Rog's offer, xlentra and PPF although both PPF and Rog's offer got delayed due to Egold problem. These programs are considered high risks because of close to zero DD can be done. But I have to point out that these programs are calculated risks! I don't look for programs which promise you 150% in 10 days... or those 120% in 2 days sort of programs , you have to know they are scams right? These are even more risky and for those who have checked my portfolio description you followed my guide which is to take out principal asap, you should be already playing with profits right now like I am now.... As a balanced portfolio, I advise readers to go more for low risk programs, then some for medium and high risk investments.
Sorry I have not posted much these few days but blogger is getting slow and laggy when I tried to connect, prompting me not to update my blog but at least now it is updated! |
| posted by Lazyman @ 10:01 PM |
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| Ibizatraders + PPF + Rog's offer |
| Tuesday, September 26, 2006 |
Straight from my mailbox:
"
After having received dozens of emails with the request to prolong the
$250.00 promotion period we have, after ample considerations, decided
that we will extend the promotion albeit for a higher amount. We decided
that as from next month the minimum deposit for new investors will be
$500.00. This offer will be valid until Christmas 2006. In January 2007
we will definately raise to $1000.00 In this way we hope we can still
accomodate many of you who missed the first promo.
Now more on compounding. Our programmers are working hard on allowing
you the investors the ability to decide how much you would like to
compound. There have been many support tickets and emails requesting this
feature. Hopefully they will have this finished very soon for everyone.
As many noticed today the compound feature was turned off for all
investors. We have opened the compounding button for everyone for the next
48 hours. Please make sure if you want your ROI compounded, please do so
in the next 48 hours. On September 28th at 12:01 PST the compound
feature will not be clickable. The reason for this is that we have to know
each end month how much to send to the trading account and vice versa.
Starting next month and in the future the compound feature will be
locked where you last left it on the 25th to the 8th of every month. This
will give us exact amounts payable to all investors.
Ibiza Traders is growing rapidly and we appreaciate the chance to work
for you all.
Kind Regards
Peter Ris
Director
"
Self explanatory.
PPF has a delay : "it said that the 9/25 withdraw window would be suspended till
10/1, due to system maintenance."
Rog's offer for trade 1 suffers a delay:
"
Per the advice of my Attorney, Trade 1 payments may be delayed for a
few days while he confirms and updates DD information with e-gold. I
have been aware of this situation since Friday; but, because e-gold is
not open for business on weekends, my Attorney has just reassured me
that this matter will be resolved quickly this week.
Please accept my apology for circumstances beyond
my control and for any inconvenience this short
delay may cause you.
Everyone Take Care,
Rog
"
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| posted by Lazyman @ 10:39 PM |
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| PPF deposit date changed + megainvforum + comments |
| Saturday, September 23, 2006 |
PPF (high risk category)
Taken from hyipranks forum:
"
First, the old deposit deadline has been changed for the 4th of the month deposits. It has now been moved to the 7th. So that makes the deposit deadlines the 7th, the 14th and the 28th now. Please take note. "
" The payout window that normally pays on the 25th has been moved to the 28th this month. I have not been told if its a perminate change or if it just reflects this month only. I would count on it being a perminate change unless I hear otherwise."
I have updated on the lazyman's portfolio.
Check out megainvforum updates here by Jude:
http://hyipblog.nobshyip.net/2006/09/21/megainvforum-change-of-administration/
I think I am not going to monitor megainvforum due to the disappointment of the program. Marcos is taking over as admin of this program.There are always other programs sadly I have to give this a miss. Why? Personally I think if you are a good trader or somebody who has developed an expert advisor (a trading bot if you don't know) to trade the forex, you must have already HIGH CONFIDENCE that your trades would be in the positive every month which is achievable definitely, even if it means 2% gain but the big withdrawals from megainvforum and recent losses tell us otherwise. If there's a rule on whether you should join a trading program, it should be that the program is in business for 5 or 6months and is CONSISTENT. It is also why I have not put programs such as "ibizatraders" and "SGFH" under "Recommended/Proven/High Quality Investment Programs!" But really the potential is better given the research I have done rather than megainvforum currently.
I do admit I am taking the plunge for some programs first because SGFH will keep on increasing their min investment and by then I can't join as the minimum would be really high and my funds are stuck somewhere. For us investors, moving funds would be something that requires planning too. So I have decided to join earlier to avoid disappointment and it is in line with my risk assessment. Ibizatraders are ending their 3 month promotion and all payments before 25th Sep would be eligible for $250 min investment. Stay tuned for a newbie guide which I may/may not publish on this blog depending on whether I have enough time. I find that there are some readers who are quite new to hyips and have emailed me... |
| posted by Lazyman @ 4:06 PM |
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| SGFH reminder + some other updates |
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For those interested in joining SGFH, have at least $250 yeah you should try to join this program because it is going to get more costly to join. Fund it before October 5th to be eligible for $250 investment. After which next month's minumum would be increased to $1000 and finally to $5000 min. Another adavantage of joining SGFH for those who wanted to get in udachuinvest and udachufund you may still be able to get in. For more info check out
http://lazymaninvestment.blogspot.com/2006/06/lazymans-portfolio.html and if you wanted to get into UI and UF all along, you need to be member of SGFH first and then UI and UF would be avail to you until 5th Oct then PM the ceo of udachu in the udachufundforum.
Okay, I have received email from worried readers that d-carat and bluebanking services are down. Actually this is what happened:
"
We will be doing a lot of changes over the next few days to all of our websites. We will be adding new features, payment processing , fee changes, text, faqs, and on and on. Please keep your questions and concerns to yourself for a few days if you see something out of place. Within 1 week you will see a lot of changes to websites and there might be a few words and numbers out of place during this process, this is due to moving files and adding the features. Please be patient and let our support,tech, and admin team work together on this and all will run smooth. If you do not get a response within 24hrs the above is why.Thanks for the cooperation and we are looking forward to a new and improved online investing world .
all of our sites include
bluebanking.com
udachuinvest.com
sgf-hedging.com
udachugold.com
d-carat.com
udachuoffshore.com
udachu.com
swedishmerchantsavings.com
"
And yes as of now, I am able to access the sites mentioned. |
| posted by Lazyman @ 12:59 AM |
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| Ibizatraders update |
| Tuesday, September 19, 2006 |
Here's an update extracted from email:
"
Thank you for your time. We would like to update everyone and give our
apologies for not responding to some tickets that were outstanding. Our
programmers were trying to clean up the admin area and added some neat
features for the ticket system. Somehow they left something really
minor out so we couldnt see the tickets. I just figured there were no
problems. All tickets are up to date now.
There are only 7 days left in the promotion. Some of you are still some
what confused on how the promotion works and ends. The promotion was
for 3 months. On Sept. 25th the promotion ends. Anyone who has deposited
the minimum amount under the promotion period ( $250.00 ) are locked in
for good. You will be able to deposit any amounts that you want. All
members that wait till the promotion is over will have to invest $1000.00
in order to be apart of Ibiza Traders.
Also there are many of you who are confused on the withdrawal page in
your members area. The withdrawal request is to withdrawal your
principle only. Your ROI or profit will be sent to your payment processor
automatically by the 7th of each month. Once you withdrawal your principle
you will not earn any profit. The compounding button in your members
area is used to compound your monthly earnings. Each month your account
will be adjusted by the ROI or flucuated return they we make during that
months trading session. Compounding is set to 100%.
Thank you all for being so supportive and I am very sorry for the
ticket issue.
Peter Ris
Director
"
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| posted by Lazyman @ 7:12 PM |
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| PPF and Marcos of FX-Experts speaks! |
| Monday, September 18, 2006 |
PPF news:
"
Hello Everyone! As stated when I started this program, I will be raising the min deposit amount starting October 1st, to $100.00. Doing payouts and deposit confirmations at this point with min deposit spenders is getting extremely time comsuming. Also starting on October 1st, all deposits from that date on will receive a flat 175% return. Making the return a flat rate also helps reduce my time in figuring individual payouts. There have been some PM’s to me about how often a max deposit amount is allowed. Also starting October 1st, I will be allowing a max of $2500.00 per cycle date. In otherwords, you can deposit the max only three times in any given month, on or before each new cycle start date, being the 4th the 14th and the 28th. The site will be change the night before October 1st, to reflect these changes. As always, if you have any questions, feel free to PM me anytime. John
" Marcos: "
Just calm down guys, please.
I hope to re-start tradings this week. I already told you and I’ll tell one more time.
No, I won’t SCAM you.
You guys will see a 0.2% daily pecentage in our website soon (with no principal withdraw and deposit allowed for some time). This is the only way to show you guys that we still working here, I guess.
Thanx
Marcos
"
Above are taken from forums... For those waiting for refund, I am quite confident of that when FX-expert refunds! As for PPF, high risk program but I have included it as part of my investment program. Just take a look at lazyman's portfolio link.
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| posted by Lazyman @ 7:18 PM |
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| Ibizatraders review |
| Sunday, September 17, 2006 |
Okay here I go...
Ibizatraders is a forex trading based program which states that they will pay investors about 20% monthly.The first month result is 15% by the way. 20% is really a nice profit and not many people can do that consisitently but it is quite possible. They have also stated their risk management style: "No more than 10% of the capital is ever at risk." Further, they do not provide referral bonus which is what most ponzi programs do: " We do not offer any type of referral bonus."
An explanation on how the program works: " By the 7th of the month, your earnings will be applied to your account as active principal and backdated to the 24th of the previous month if you have compounding enabled."
"$250.00 during the first 3 months as a promotion. After 3 months the minimum investment will be $ 1000.00. After the preliminary 3 month status. Any member that has made the minimum deposit in the first 3 months will be allowed to invest under the normal terms." And this offer ends on 24th September 2006 by the way.
They also do not have a maximum amount set: "At this time there is not a maximum amount set. Please feel free to invest as much as you like. For very large investments, please use the bank wire option."
" You must have funded your account on or before the 24th of each month in order to start earning the following calendar month. Returns will be published on the last day of each trading month. All bank wires should be received and approved by the 24th of each month to be credited as active principle." Okay here's the KEY. Bank wire transfer. Think about it, would ponzi programs use wire transfer? It is known that wire transfer would leave a trace and if the admin is involved in money laundering, he's gonna be caught.
Three ways to fund: "You can deposit with Ibiza Traders by using E Gold, E Bullion or a Bank wire transfer. If you decide to do so you can always deposit through the aforementioned options.. All the funds received on or before the 24th of each month will be taken into trading as per the 1st of the following calendar month. Hence you wont see your deposit appearing in the my account section until the 1st of the following month i.e. when your deposit has been transferred internally to our trading account. All bank wires are to be done in USD. All bank wires should be recieved and approved by the 24th of each month to be credited as active principle."
So what can I say about this program? It is better than 95% of other ponzi or hyips programs that you find. BUT it is new and so the risk in my opinion is that from trading loss. For those who have a low risk tolerance please wait for about 6 months after the launch of this program to join which by then is $1000 but at least you are quite sure that they will perform consistently. At the moment the forum is inaccessible not sure why... (will add more things if i can find... )
A quick check of whois at arsys.es reveals correct info:
Datos del dominio ibizatraders.es Registrante: Peter Ris
Contacto Administrativo: PR214-ESNIC-F4
Peter Ris
Aptdo 16
07817
Ibiza
ILLES BALEARS
ES
+34.971396222
rispeter@telefonica.net
Contacto Técnico: PR214-ESNIC-F4
Contacto Facturación: PR214-ESNIC-F4
Fecha Creación: 17/05/2006
Fecha Expiración: 17/05/2007
Servidores DNS:
ns12.zoneedit.com
ns7.zoneedit.com
Some important people have better quality images
and they have verified Peter Ris documents as genuine.
Again bluemax respected forum moderator for hyipnavigator
confirmed my belief:
"
I
have no reason to believe that this is a fake program
whatsoeverLeftfield. Quite the contrary. I would agree
that the biggest risk with any "real" program is the
talent and experience of the traders. Time will tell
on this. Clearly we'd all like to know that stop losses,
leverages and other measures are in play with relatively
conservative controls to help protect the fund."
That should be sufficient I hope. Have a nice day!
Anyway here are relevant links:
http://lazymaninvestment.blogspot.com/2006/09/ibizatraders-update-pp01.html
http://paranoidinvesting.com/articles/ibiza-traders-reviewed.html
http://hywd.info/node/494
http://lazymaninvestment.blogspot.com/2006/09/ibizatraders-forum-news.html
http://www.hyip-navigator.com/forum/showtopic.php?
http://www.oppinvestclub.com/article/ibiza-traders-11-1.html
*****edited Okay, please ignore the part about wire transfer.I have feedbacks from
readers that Scam programs do use wire transfer as one of the option. One of my reader
told me that Ralf-finance which was a scam allowed wire transfer by giving him their
"bank details" for wire transfer but turns out to be details of egold exchanger in
Estonia. So wire transfer doesn't mean anything. Hope this helps... and take a look
at 10 myths of due diligence, I made a mistake but yes everyone learns from
mistakes! Just beware next time! |
| posted by Lazyman @ 2:55 AM |
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| Paid by Rog's Affordable Time Limited Offer |
| Saturday, September 16, 2006 |
Well, so far so good received my payment from Rog... have another one coming soon. If you want to get in this, just take a look at lazyman's portfolio or click on the link on the left sidebar. High risk though.
Next, I think I will be doing sort of an analysis for ibizatraders to be included in this blog soon. I have gone in with the min for ibizatraders as I feel that $250(min of $250 available as promotion until 24th September!)is worth it. I have not included it under "Recommended/Proven/High Quality Investment Programs!" because the program is still young. For those with low risk mindset please do not spend if you are uncomfortable. There are plenty of opportunities. If you have the $1000, you can spend later. That is not to say you should spend $250 now if you don't have that much money.Do not follow blindly! $250 is what I can afford to lose but not necessary you can afford to lose.
Anyway more on ibizatraders later, stay tuned! |
| posted by Lazyman @ 12:14 AM |
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| My experience with D-carat and Bluebanking debit card |
| Monday, September 11, 2006 |
Okay, today I went to the atm machine to do a transaction. I have some money with d-carat account and I try loading it to bluebanking card. I must say I am quite impressed with the service. D-carat says they will load my card within 24 hours and they did it in a few hours. Once confirmed , I went to the atm machine to withdraw my cash and it was instant with no problems. This is the first time I am using d-carat to load funds into bluebanking card and the whole process is smooth :) Nothing to promote here but am just sharing my experience here.
Why use d-carat? 0% send and receive funds. $5 to withdraw to bluebanking card only. It is 100% backed by diamonds which is very stable and does not change the value of money like when you put money into your egold account.
Here's the analysis of d-carat as ecurrency:
One D-Carat represents a quantity of diamonds that is always equal to $1700. You can fund d-carat using egold(instant), wire transfer or the bluebanking debit card with 0% fee. Withdraw funds only two options: wire transfer takes 2 to 7 days and Bluebanking cards 24hrs maximum with a $5 fee. You need to scan in your card for verification if you want unlimited transaction. If you do not scan in your verification and upload from your account menu it will be $1000 for lifetime transaction.
There are 2 accounts available - Restricted and Verified.
*
Restricted - simply means that no ID has been obtained and has transaction limitations.
*
Verified status is obtained once ID has been provided and limitations are removed.
Does D-Carat allow HYIP or Pyramid Schemes?
No. HYIP (High Yield Investment Programs) or Pyramid schemes are fraudulent activities and therefore illegal in most countries.
This is quite important as we see that egold had to deal with problems from autosurfs and stormpay the famous case with 12dailypro....
That's about it. If there's anything more I am going to add I will edit the post again and this post will be under "Program Reviews & articles".
Hope everyone finds it helpful! |
| posted by Lazyman @ 9:08 PM |
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| Ibizatraders update & PP01 |
| Friday, September 08, 2006 |
All payouts have been paid to the proper payment processors. This month
went the last day of the allowed time frame for precautionary reasons,
this was the first payments we have made so far and wanted to be sure
everything was in tact and in order. Please feel free to post
screenshots in our forum for everyone to see. Please mark through your egold
number though.
Now for the good news.
After many emails, PMâ€s and personal meetings we have decided to
allow compounding. The reason for us not allowing compounding in the
beginning was that we wanted to force everyone to receive there ROI back in
there payment processors without the opportunity of just compounding it
every month. It was our way of not allowing compounding so you would
have to personally invest it back into the fund. Our thoughts were that
you would gain your principle back quicker with only profit in the
fund. Our programmers are working very hard to allow compounding at this
time. The compounding will be set to 100%. There will be a compounding
button in your back offices and you will have the option to either
compound it at 100 % or not at all. If you decide not to compound then the
terms will be the same as in FAQâ€s. The compounding option should be
added tonight. By tomorrow forsure. The exchange rates and etc had no
effect on our decision as there has been and should always be more f!
unds invested than withdrawn. So exchange fees had no effect. We have
allowed this for you the members only.
Thank you for all the kind emails and pms. Please feel free to use our
support ticket system for any account reasons and issues.
Kind Regards,
Peter Ris
Director
For those who wish to join for $250 you MUST put in that amount by 24th September. For
PP01 there are currently 24 places for founder membership. Min is $100 + $25 membership
fee. I don't know whether you can get in because places are fast gone. Just email me if
you are interested.
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| posted by Lazyman @ 5:22 PM |
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| Some ROIs update |
| Thursday, September 07, 2006 |
For the month of August(only programs with not fixed ROI are posted):
GIGmutual: 4.37%
ibizatraders: 15%
NSFG: 3.75% to investors. (Gross 5%)
Joyfund: 9.82%
JF fee is 34% therefore the net result to joyfund investors is 0.66 * 9.82 = 6.48%
And for those via pools :
FF fee is 25% therefore net result to those in the FF JF pool is 6.48 * 0.75 = 4.86%
TAIC fee is 18% therefore net result to those in the TAIC JF pool is 6.48 * 0.82 = 5.31%
I am in FF's pool btw...
For the rest which are private programs I would not be posting the % ROI(return on investment)...Reason being not many people would be interested since they can't join programs which are already private.We should leave the private programs out here... But if you think you would still want to find out the ROI, by all means email me. However, you still can check the % accumulated profits at
http://lazymaninvestment.blogspot.com/2006/06/lazymans-portfolio.html
Hope everyone is doing well :) |
| posted by Lazyman @ 8:48 PM |
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| FX-Experts situation as revealed by Rabbit |
| Monday, September 04, 2006 |
This is one of the highly respected blogger or moderator from hyipdiscussion. Here's what he has to say:
"
I received several Yahoo messages from people telling me that folks here are waiting for an update from me. I would expect Marcos to post a detailed update on what is going on. But since communication isn’t his forte, let me post what I know.
Current Situation
As I mentioned the last time I posted in this thread, Marcos has been paying returns and withdrawals from reserves for some months now. A lot of people withdrew funds since I first reported they were paying from reserves, and they have been paying without touching the main trading account (I have seen deposits but no withdrawals from the account over the past few months).
Why the sudden freeze of the program?
Marcos froze the program because the situation has not improved. Thus, he decided to take a different direction (which resulted in him closing out the losing positions he had opened on the main account with a loss). With the hard loss, the program would have been turned into a ponzi if he had continued to pay the daily returns. And with the daily returns set at 0% for a month or so, people would have withdrawn their funds en masse in panic. One of the options he considered was to set the rate at 0% for a few weeks while raising the principal withdrawal penalty to 25%. The idea behind the raise would have been to stem the amount of withdrawal requests from people unhappy with a few weeks of no interest. In the end it seems he decided to freeze the program for a few weeks.
Will we lose our money?
No one should lose any money. We are not being scammed or anything like that. They are currently in the process of moving to several new brokers which will allow them to use the automated trading systems (not the same as those being used as FXEMA) that will replace the human trader they had before. If past, back-testing, and forward-testing results are any indication, they should be fully back on track within about 4 to 6 weeks.
The Future of the Program
There is a good chance that Marcos will decide not to continue with the program, and refund everyone their account balances (principal plus compounded interest) once he gets things back on track. He doesn’t seem to have the passion he once had for the program (which may explain the lousy customer service some people have been complaining about), and want to focus on the Managed Accounts being offered.
Anyway, I hope this post clarify things and put people’s mind at ease. I have cleared out a lot of PMs from my inbox so if you want to send me a PM feel free to do so. Oh and for those of you that are curious, I have several thousand dollars in the program myself – it is my second biggest public high yield investment after ROG’s “Private Limited Time Offer”.
"
I am not too sure how many people join under me but I hope this will clear things up. This is not ponzi program. Wait for refund!
Regards,
Lazyman
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| posted by Lazyman @ 9:15 PM |
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| Ibizatraders forum news |
| Saturday, September 02, 2006 |
This is taken from the forum of ibizatraders: " I would like to take this time to update all members on the ROI this month and much other things in the works at Ibiza Traders. First I would like to say sorry that I have not been in forums lately as I have been on business trips for Ibiza Traders. I have been in London but trading has never stopped. We have some major business opportunities in the works and will update everyone in due time. The ROI investment this month will be 15%. This month is referring to all members who deposited before or on July 25th. As noted in many areas on the site It is Ibiza Traders' aim to reach the highest possible yield for its investors. Our aim will be to pay at least 20% monthly. Of course, as you will appreciate, due to fast changing circumstances in the forex market, this percentage will fluctuate. This may sometimes be in your disadvantage but also in your advantage. This month was a short trading month for us at Ibiza traders for trading. We had some issues in the very beginning and were not able to starting trading until the 7th of August. Also We have had some global holidays that we were not able to trade. Furthermore I would like to say that we are proud to pay 15% after a very difficult and choppy holiday market in which the geopolitical situation was very unclear. We lost a week of trading under the circumstances. All payments will be made on September 7th to your payment processors. There has been a lot of talk in other forums, emails and Pm's about our trading access, read me options, login views to the trading account etc... As investors I can understand your concerns. Ibiza Traders is not like many other funds. Our Due Diligence section is like no other. Its almost belittling to me to say the least for some of the things I have read and received. Please understand what you see in the Due Diligence area is real. My Vitae is real. My Passport is real and the Documents of S.A are also real. I am a seasoned trader and by all means a very well respected one. It has been proven by many individuals that all the documents on the site are real. We have proven our trading account and even given read me documents of our trading this month. We will allow quarterly, the three individuals ( Bluemax, Tony Clfton and Jude from NO B.S Blogger )access to our trading account every three months. Please remember there are many funds out there in which some of you might have invested in, that have not given the transparency as we have. As Ibiza Traders grows in members and investors it will also grow in staff. We have brought in a new forum Moderator. At times like this past week its been tough for us to trade and watch the forums. Although our support team has done a superb job, we feel this will be a great addition to the quest. Thank you all for the support and we will keep you all updated about further developments with repect to Ibiza Traders. Kind Regards, Peter Ris Director " I am really undecided about this program whether I should join or not because there's really no good DD on the ibizatraders trading account. I mean if Jude, Tony Clifton and Bluemax have access to their trading account every 3 months, it is hard to monitor their trading activities. Thus, what I can say is maybe it is worth a punt with their current 15% ROI. For those who have enough ($1000 at least) you can join at later stages (if I am not wrong before Sept 24 would be the last month for a $250 minimum deposit which would be increased to $1000 after that) when you feel that you are comfortable with their trading. As you can see trading always presents a certain element of risk but risk management if done properly will be profitable in the long term. That's probably what happened to FX-eXperts where the trader lacks some risk management but don't worry for those who are panic about whether they will scam your money. I would really think they would not because there's no reason since Marcos the admin of Fx-experts runs several forex programs, if he does run away with our money you can be sure he will be gone forever... which I do not think so given several respected bloggers in the arena knows about him well. Okay back to ibizatraders. "My Vitae is real. My Passport is real and the Documents of S.A are also real." Yes, all are verified so if this is what you are worried about then stop worrying, I am more of worried for trading risks than scam.... Also check out my portfolio which has just been updated: Lazyman's Portfolio |
| posted by Lazyman @ 12:00 PM |
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| FX-Experts on hold now... |
| Friday, September 01, 2006 |
Ok, kind of bad news but this sort of thing happens. Fx-experts seem to run into trouble:
"
Dear Members, After reading this letter, I am sure all my clients are going to be upset, because they all trusted in our potential, but I also can say that a few people will be “happy” and they will say in the blogs and forums: “I said that it would happen”. What I have to say today, is not that we are closing the company, but that we had a huge lost in the last days. We will have to change some points so we can get back what we lost without worrying about the weekly profit. We are also changing the broker so we can give you a better service. We are going to change those points:
- the daily profit is going to be zero;
- we will not accept withdraws;
- we will not accept deposits; The company asks you to not worry about the situation, our website will be online and we are going to be here working, trying to help you in the best way. I am sure that most of our clients rely on our service and will understand why we had to change those points. After everything is all right, we will update you, as we always did. We hope to return to our normal activities in a few weeks. We are doing everything to provide you a better service. Thank you, Marcos Matos. " I will put FX-Experts link on the "on hold" section.
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| posted by Lazyman @ 3:57 PM |
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